Shares of Wipro, the information technology major, fell more than 8% to an intraday low of Rs 181.60 on the BSE on Monday, extending losses for a second consecutive session. The stock has declined over 8% during this two-day period.
The decline comes days after the stock turned ex-record date for the company's Rs 15,000 crore share buyback. Wipro had fixed June 5 as the record date for its buyback programme. Shareholders who held the stock in their demat accounts on that date are eligible to participate in the tender offer.
